Friday, May 6, 2011 - 10:14 AM

CD Penalty Rates Are The Worst

(1 stars)

Just be sure you like this CU for the full duration of your CD Term.

On 60 month CD's, the penalty is 180 day interest AND the interest rate from inception is reduced to the money market rate that was in effect when the CD was originally opened !!!

Lexus21343 posts since
May 6, 2011
Rep Points: 19

1. Friday, May 6, 2011 - 5:54 PM

Thanks for noting the very harsh early withdrawal penalty.

I have some more details on this along with a copy of the disclosure in this blog post.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905